OBJECTIVE CORPORATION LIMITED — M&A Activity 2007

Oct 11, 2007

ASX Announcement

Date: 12 October 2007

Objective withdraws acquisition offer

As reported to the ASX on 19 September 2007, Objective has undertaken an extensive formal due diligence process on the possible acquisition of Avand Pty Limited.

As a result of undertaking and completing the due diligence process on the Avand business and its DataWorks technology over the past few months we wish to advise that Objective has formally withdrawn its offer to acquire Avand.

Objective understands that Technology One Limited (ASX: TNE) has made a higher offer for Avand. In light of our extensive due diligence, Objective has decided not to increase its offer.

We would like to thank the Avand people for the considerable time they have spent with us during this period of investigation. We also acknowledge the positive encouragement Objective has received from the Avand customers during this time.

While Objective will continue to review complementary acquisition opportunities, acquisitions will only be made when they add increased value for all stakeholders.

Objective Corporation

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Contact Information

Objective Corporation Limited

Ph: +61 2 9955 2288 Fax: +61 2 9955 5011

Objective Corporation (ASX:OCL) develops, markets, tailors and supports its own Enterprise Content Management (ECM) software solutions. Working with large, information intensive organisations including government departments and top 1000 corporations, Objective Corporation has established itself as one of the leaders in the ECM market, where its solutions have been consistent winners against international competition. Its solutions are open and integrate with existing applications and infrastructure, delivering clear outcomes and a measurable return on the client’s investment.

Email: investor.relations@objective.com

www.objective.com

www.objective.com

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